AIA Group Ltd Purchases 5,129 Shares of The Walt Disney Company (NYSE:DIS)

AIA Group Ltd lifted its position in The Walt Disney Company (NYSE:DIS) by 48.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,786 shares of the entertainment giant’s stock after acquiring an additional 5,129 shares during the quarter. AIA Group Ltd’s holdings in Walt Disney were worth $1,758,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DIS. Norges Bank bought a new position in shares of Walt Disney during the fourth quarter valued at approximately $2,415,427,000. Arrowstreet Capital Limited Partnership grew its position in Walt Disney by 75.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock valued at $1,209,050,000 after acquiring an additional 4,680,930 shares during the last quarter. Jennison Associates LLC increased its stake in Walt Disney by 23.4% in the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after purchasing an additional 3,636,742 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Walt Disney during the fourth quarter worth $358,151,000. Finally, Boston Partners purchased a new stake in shares of Walt Disney during the fourth quarter valued at $350,707,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DIS has been the subject of several research reports. Macquarie reissued a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Loop Capital increased their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Citigroup reaffirmed a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. Morgan Stanley increased their price target on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Needham & Company LLC restated a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a report on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.64.

Walt Disney Trading Up 0.7 %

Shares of Walt Disney stock opened at $98.74 on Tuesday. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.69. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The stock has a market cap of $178.49 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The firm has a fifty day moving average price of $107.14 and a 200 day moving average price of $105.26.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.